Why Women and Minorities Are Launching More Businesses

While launching and growing a business can seem challenging, many women and minorities throughout the United States are embracing entrepreneurship every single day. Owning a business is not only a dream, but it is a smart decision on many levels.

Women and Minorities Want to Be Independent

The job market is tough and pay rates are even tougher. Women and minorities who experienced the Great Recession a decade ago know that there is no such thing as job security. Rather than relying on a paycheck from an employer who may or may not decide to cut staff to save money, women and minorities are taking control of their financial destinies and launching their own businesses. Owning a business is its own motivation to make the right decisions and commit to success.

Improving Your Community

Minority and women-owned businesses strengthen communities and reflect positive values. When you work for a large company, you often find yourself compromising when policies and ethics conflict with your own personal integrity. Women and minorities launch their own businesses to stay true to themselves. Uncompromising success – no matter how small or large – serves as an example that if they can do it, then others in their communities can also strive for similar success and uplift everyone around them.

A Sense of Personal Accomplishment

Far too often women and minorities feel they are invisible parts of a larger corporation and only the people at the top get recognition. Owning a small business changes all of that. Small business owners are more likely to get the recognition they deserve, and they are also more inclined to recognize the employees and other people who helped along the way.

Giving Back

Women and minority business owners are also more likely to give back to their communities. Whether it’s donating money to a cause, working with an educational or vocational organization, providing a safe space for others, or mentoring people to give them new job skills and employment, woman and minorities who launch small businesses understand that true success occurs when one can give back and that creates a positive feedback loop.

Financing Businesses for Women and Minorities

At Nanaki Capital, we specialize in offering financing solutions for women and minority entrepreneurs. Whether you are just getting started, or if you are expanding your operations, we will work with you to create a funding strategy tailored to your needs. Contact our offices today to get started.

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